Credit Suisse Issues Apology
To Japan Over Investigation

By

Jathon Sapsford Staff Reporter of The Wall Street Journal

Updated May 24, 1999 12:01 a.m. ET

TOKYO -- Credit Suisse Group , the Swiss financial conglomerate and parent of investment bank Credit Suisse First Boston Corp., apologized to Japanese regulators and added that it took disciplinary action against employees it said tried to obstruct an official probe into the trading practices of Credit Suisse units in Tokyo.

Credit Suisse said an independent study it commissioned found that employees had concealed and destroyed possibly damaging documents. The documents may have served as evidence that Credit Suisse...